1 Global GPS Tracking Devices Market Share by Regions in 2022
In the global GPS tracking devices market, North America leads with the largest share at 30.39%, indicating a significant presence and demand for GPS tracking devices in this region. Europe follows with a substantial market share of 28.01%, reflecting a strong reliance on GPS technology across various sectors.
China holds a significant portion of the market with 17.78%, showcasing the growing importance and adoption of GPS tracking devices in the region. Japan, with 8.43%, also has a notable presence, highlighting the technological advancements and market penetration in this country.
The Middle East and Africa together account for 2.62%, suggesting a developing market with potential for growth. India, with 6.44%, and South America, at 2.90%, represent emerging markets with opportunities for expansion.
Figure Global GPS Tracking Devices Market Share by Regions in 2022
2 Global GPS Tracking Devices Value and Market Share by Region (2018-2023)
North America GPS tracking devices market has shown a fluctuating trend, with a dip in 2020 to 290.66 M USD, but it has since rebounded, reaching 433.37 M USD in 2023. Europe has demonstrated a consistent growth trajectory, starting at 374.59 M USD in 2018 and increasing to 505.65 M USD by 2023, marking it as a robust market for GPS tracking devices.
China has also experienced significant growth, with the market value rising from 286.59 M USD in 2018 to 453.17 M USD in 2023, indicating a strong demand and potential for further expansion.
The total market value has grown from 1145.92 M USD in 2018 to 1588.25 M USD in 2023, showcasing the expanding scale and importance of GPS tracking devices worldwide. This overall growth suggests a rising global dependency on GPS technology for various applications, from logistics and transportation to personal tracking and security. The data highlights the key regions driving this market and the potential for continued growth in the coming years.
Table Global GPS Tracking Devices Value (M USD) by Region (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
North America | 333.45 | 346.96 | 290.66 | 362.47 | 404.17 | 433.37 |
Europe | 374.59 | 392.45 | 330.77 | 415.86 | 470.41 | 505.65 |
China | 286.59 | 309.65 | 270.09 | 351.47 | 413.26 | 453.17 |
Others | 151.29 | 156.77 | 131.62 | 163.68 | 184.16 | 196.06 |
Total | 1145.92 | 1205.84 | 1023.14 | 1293.48 | 1472.00 | 1588.25 |
The market share for Europe and China in the Global GPS tracking devices industry has shown notable changes from 2018 to 2023. Europe has consistently held a significant share, starting with approximately 32.69% in 2018 and experiencing slight fluctuations, ending with around 31.84% in 2023. This indicates that Europe has been a dominant region in the GPS tracking devices market, with a slight decrease over the years.
China, on the other hand, has demonstrated a steady increase in its market share. Beginning at around 25.01% in 2018, China’s share has grown to about 28.53% by 2023. This growth suggests a rising demand and a significant presence in the GPS tracking devices market, reflecting the country’s increasing importance in the global industry
Overall, while Europe has maintained its leading position, China has been making strides in increasing its share of the global market, highlighting the dynamic nature of the GPS tracking devices industry and the strategic importance of these regions in driving market growth.
Figure Global GPS Tracking Devices Value Market Share by Region (2018-2023)
3 Global GPS Tracking Devices Production and Market Share by Region (2018-2023)
North America has shown a significant increase in production, starting at 5,537 K Units in 2018 and reaching 7,880 K Units by 2023, with a notable dip in 2020 to 5,134 K Units.
Europe has also demonstrated growth, beginning with 6,390 K Units in 2018 and increasing to 9,446 K Units in 2023, marking it as a key region in the production of GPS tracking devices.
China has been the leading producer throughout the period, with a substantial production volume that has grown from 21,937 K Units in 2018 to 34,363 K Units in 2023. This significant increase highlights China’s dominant role in the global GPS tracking devices market.
The total production has grown from 36,794 K Units in 2018 to 55,849 K Units in 2023, showcasing the expanding scale of the GPS tracking devices industry worldwide. This overall growth suggests a rising global demand for GPS technology and the increasing importance of these devices in various applications and industries.
Table Global GPS Tracking Devices Production (K Units) by Region (2018-2023)
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
North America | 5537 | 5967 | 5134 | 6496 | 7049 | 7880 |
Europe | 6390 | 6934 | 6002 | 7657 | 8428 | 9446 |
China | 21937 | 24055 | 21098 | 27253 | 30419 | 34363 |
Others | 2931 | 3146 | 2712 | 3423 | 3747 | 4160 |
Total | 36794 | 40101 | 34947 | 44829 | 49643 | 55849 |
China has consistently held a significant share of the GPS Tracking Devices market, starting at approximately 59.62% in 2018 and experiencing slight fluctuations over the years. The market share for China increased to around 60.37% in 2020, slightly decreased to 60.79% in 2021, and then increased again to 61.28% in 2022. By 2023, China’s market share was at 61.53%, indicating a slight but steady growth over the six-year period.
This trend highlights China’s dominant position in the production of GPS tracking devices and suggests a strong and growing presence in the global market. The consistent high market share also reflects the country’s role as a major manufacturer and supplier of GPS tracking devices.
Figure Global GPS Tracking Devices Production Market Share by Region (2018-2023)
4 North America GPS Tracking Devices Production, Value, Price and Gross Margin (2018-2023)
North America GPS tracking devices production has shown an overall increase, starting at 5,537 K Units in 2018, experiencing a dip in 2020 to 5,134 K Units, and then rising to 7,880 K Units by 2023. The price per unit has fluctuated, with a high of 60.2 USD in 2018 and a low of 55.0 USD in 2023. The data indicates a resilient and growing market for GPS tracking devices in North America, with production and value showing a general upward trend despite some volatility in unit prices and gross margins.
Table North America GPS Tracking Devices Production, Value, Price and Gross Margin (2018-2023)
North America | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Production (K Units) | 5537 | 5967 | 5134 | 6496 | 7049 | 7880 |
Price (USD/Unit) | 60.2 | 58.1 | 56.6 | 55.8 | 57.3 | 55.0 |
Production Value (Million USD) | 333.45 | 346.96 | 290.66 | 362.47 | 404.17 | 433.37 |
Gross Margin | 35.04% | 33.96% | 35.00% | 33.83% | 32.27% | 33.70% |
5 Europe GPS Tracking Devices Production, Value, Price and Gross Margin (2018-2023)
Europe GPS tracking devices market production value has also seen an upward trend, beginning at 374.59 Million USD in 2018 and increasing to 505.65 Million USD in 2023, despite a drop in 2020 to 330.77 Million USD. The gross margin has remained relatively stable, with a slight decrease from 33.96% in 2018 to 32.26% in 2023, indicating consistent profitability in the market. The data indicates a robust and growing market for GPS tracking devices in Europe, with production and value showing a general upward trend. The slight fluctuations in unit prices and gross margins suggest that the market is adapting to various economic factors while maintaining a strong position in the global GPS tracking devices industry.
Table Europe GPS Tracking Devices Production, Value, Price and Gross Margin (2018-2023)
Europe | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Production (K Units) | 6390 | 6934 | 6002 | 7657 | 8428 | 9446 |
Price (USD/Unit) | 58.6 | 56.6 | 55.1 | 54.3 | 55.8 | 53.5 |
Production Value (Million USD) | 374.59 | 392.45 | 330.77 | 415.86 | 470.41 | 505.65 |
Gross Margin | 33.96% | 34.26% | 33.47% | 32.84% | 33.41% | 32.26% |
6 China GPS Tracking Devices Production, Value, Price and Gross Margin (2018-2023)
China GPS tracking devices market price per unit has remained relatively stable, with a slight decrease from 13.1 USD in 2018 to 13.2 USD in 2023. The production value has also seen an upward trend, beginning at 286.59 Million USD in 2018 and increasing to 453.17 Million USD in 2023, despite a drop in 2020 to 270.09 Million USD.
The gross margin has fluctuated slightly, starting at 27.13% in 2018, peaking at 28.09% in 2020, and then decreasing to 26.04% in 2023. This suggests that while the market has been growing in terms of production and value, the profitability has experienced some volatility.
Overall, the data indicates a robust market for GPS tracking devices in China, with production and value showing a general upward trend. The slight fluctuations in unit prices and gross margins suggest that the market is adapting to various economic factors while maintaining a strong position in the global GPS tracking devices industry.
Table China GPS Tracking Devices Production, Value, Price and Gross Margin (2018-2023)
China | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Production (K Units) | 21937 | 24055 | 21098 | 27253 | 30419 | 34363 |
Price (USD/Unit) | 13.1 | 12.9 | 12.8 | 12.9 | 13.6 | 13.2 |
Production Value (Million USD) | 286.59 | 309.65 | 270.09 | 351.47 | 413.26 | 453.17 |
Gross Margin | 27.13% | 27.44% | 28.09% | 27.88% | 26.26% | 26.04% |
